Tuesday, May 29, 2012

Audit the Fed is back on the House agenda!

The Hill reported that as of Friday, House GOP Majority Leader, Eric Cantor, placed Ron Paul's Audit the Fed bill (HR 459) on the House's July agenda:

One of Rep. Ron Paul's (R-Texas) pet issues will hit the spotlight this July, as House Republican leaders plan to hold a vote on authorizing a top-to-bottom audit of the Federal Reserve.

The House version currently has 227 co-sponsors. Cheshire's Congressman -- and Senate hopeful -- Chris Murphy is not among them. I already called his office this morning and pointed out to his staff that failing to support transparency during a primary is not the most politically astute move. Furthermore, he already co-sponsored Audit the Fed during the prior Congress. And considering that some liberal Dems, such as Pete DeFazio and Dennis Kucinich, are already co-sponsors of the measure, it behooves Chris to co-sponsor sooner rather than later. The longer he waits, the more opportunity exists for Susan Bysiewicz to issue a press release stating her support for Auditing the Fed... while simultaneously repeating her mantra that Murphy works for Wall Street, Jamie Dimon, the Fed et al. Murphy should become a cosponsor asap. But since he's not already, I encourage everyone who believes in good government to also contact his office to ask him to support HR 459. You can email him here or call him @ 202.225.4476.

Along with HR 459 is the sister Senate bill, S 202. It was introduced by Ron Paul's son, Senator Rand Paul (R-KY). S 202 has only 20 co-sponsors at the moment. I understand that all 20 are Republicans, but expect that some pro-transparency Senators, such as Bernie Sanders, will soon be co-sponsoring. In the meantime, I strongly encourage all Nutmeggers to contact our US Senators. You can email Dick Blumenthal here or call him @ 202.224.2823. And you can email Joe Lieberman here or call him @ 202.224.4041.

I doubt Lieberman will support Audit the Fed, but maybe Blumie's got some good-government populist blood in him??

Last, but not least, please considering spreading the word about this opportunity to finally Audit the Fed. There's already an Audit the Fed page on Facebook that you can visit / like / share.

Tim White

1 comment:

Anonymous said...

Federal Reserve audit PDF from July 2011 http://www.sanders.senate.gov/imo/media/doc/GAO%20Fed%20Investigation.pdf

Article about the audit http://www.sanders.senate.gov/newsroom/news/?id=9e2a4ea8-6e73-4be2-a753-62060dcbb3c3

“The first top-to-bottom audit of the Federal Reserve uncovered eye-popping new details about how the U.S. provided a whopping $16 trillion in secret loans to bail out American and foreign banks and businesses during the worst economic crisis since the Great Depression.”